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According to the market data from Gate.io, the current price of PI coin is $1.72, with a 24-hour increase of 19.22%. The current market capitalization of PI coin is $12.3 billion, ranking 11th in the overall market. Since its launch on Gate.io in late February, PI coin reached a high of $3 on February 26, then began a continuous decline, with the current price down nearly 50% from the peak.

Pi Network was founded by Stanford graduates in 2019, using the energy-efficient <a href="/ja/price/stellar-xlm" target="_blank" class="blog_inner_link">Stellar</a> Consensus Protocol (SCP), allowing users to mine on their smartphones, reducing the barrier to entry for cryptocurrency participation.

Its ecosystem is made up of five core roles:

- Pioneers earn PI coins by opening the app;
- Contributors mine at a higher rate and establish a security circle to enhance network security;
- Ambassadors invite new users to expand the network;
- Nodes run node software to maintain a decentralized network;
- Node Ambassadors attract developers to build dApp.

This multi-level user participation system has driven the rapid growth of the Pi Network, surpassing 60 million users. In mid-February, the Pi Network officially launched its mainnet, a key milestone in the project's development, although originally scheduled for 2022, it was delayed due to ecosystem improvements and KYC progress. The open network will remove firewalls, allowing connections to external networks, wallets, and third-party platforms, and lifting API call restrictions.

Currently, over 2 billion PI coins have been migrated to the mainnet, demonstrating users' confidence in the future. With its unique mobile mining model, energy-saving mechanism, and extensive community participation, Pi Network has become an innovator in the cryptocurrency field. As the open network advances, Pi is transitioning from a simple mining application to a complete blockchain ecosystem, demonstrating the potential for democratization of digital assets. However, the <a href="/ja/price" target="_blank" class="blog_inner_link">cryptocurrency market</a> is volatile, and regulatory changes may impact the development and token value of Pi Network, so investment should be approached with caution.

## Trade PI coin on the Gate.io platform

Gate.io is a well-known cryptocurrency trading platform that offers a variety of cryptocurrency trading services, including PI coin. Here are the detailed steps to buy PI coin on the Gate.io platform:

- Account Registration: First, visit the official website of Gate.io, click on the registration button, follow the prompts to fill in your email address, set a password, and complete the account registration.
- Deposit Funds: Before trading, you need to deposit funds into your account. Gate.io supports multiple deposit methods, including on-chain transfers, bank transfers, credit card purchases, etc. Choose the method that suits you and deposit funds into your Gate.io account.
- Buy PI coin: After the funds arrive, go to the trading page. Enter 'PI' or 'Pi Network' in the search bar to find the PI/USDT trading pair. Once on the trading page, you can choose between a market order or a limit order to make the purchase. Enter the purchase amount, confirm, and submit the order.
- Secure storage: After a successful purchase, it is recommended to store PI coins in a secure wallet. You can choose to keep them in the Gate.io wallet or transfer them to another secure cold wallet to ensure asset security.

## Pi Network's outlook for the future

Pi Network as a emerging cryptocurrency, with its innovative mining method and massive user base, is gradually <a href="https://www.gate.io/blog/6264/Will-Pi-Network-soar-or-collapse-Insights-on-Pi-listing-date" target="_blank" title="Making a name for oneself in the cryptocurrency market">Making a name for oneself in the cryptocurrency market</a> On platforms like Gate.io, users can easily buy and trade PI coin. However, investors should always be cautious and manage risks when participating in trading to ensure the security of their assets.

<div class="blog-details-info">
<div>Author: **Charles A**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. Investment involves risks and users need to make careful decisions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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What Is the Price of PI Coin? Where Can You Buy PI Coin?